Centrica plc (LON:CNA - Get Free Report) was down 8.4% during trading on Thursday . The company traded as low as GBX 129.30 ($1.67) and last traded at GBX 131 ($1.69). Approximately 708,729,563 shares were traded during mid-day trading, an increase of 1,923% from the average daily volume of 35,034,496 shares. The stock had previously closed at GBX 143.05 ($1.85).
Analysts Set New Price Targets
Several equities research analysts recently commented on CNA shares. Barclays cut their target price on Centrica from GBX 205 ($2.65) to GBX 190 ($2.46) and set an "underweight" rating on the stock in a research report on Wednesday, May 15th. Berenberg Bank upgraded Centrica to a "buy" rating and upped their target price for the company from GBX 130 ($1.68) to GBX 155 ($2.00) in a research report on Friday, June 28th. JPMorgan Chase & Co. restated an "overweight" rating on shares of Centrica in a research report on Friday, July 5th. Royal Bank of Canada upgraded Centrica to an "outperform" rating and upped their target price for the company from GBX 145 ($1.88) to GBX 170 ($2.20) in a research report on Friday, May 31st. Finally, UBS Group upgraded Centrica to a "buy" rating and upped their target price for the company from GBX 165 ($2.13) to GBX 170 ($2.20) in a research report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, Centrica presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 171.25 ($2.21).
Get Our Latest Report on Centrica
Centrica Trading Down 9.9 %
The firm has a fifty day simple moving average of GBX 138.44 and a 200-day simple moving average of GBX 135.17. The firm has a market cap of £6.84 billion, a P/E ratio of 186.74, a price-to-earnings-growth ratio of 0.45 and a beta of 1.10. The company has a debt-to-equity ratio of 96.93, a current ratio of 1.44 and a quick ratio of 0.40.
Centrica Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, October 3rd will be paid a GBX 1.50 ($0.02) dividend. This represents a dividend yield of 1.05%. The ex-dividend date of this dividend is Thursday, October 3rd. Centrica's dividend payout ratio (DPR) is presently 579.71%.
Insider Transactions at Centrica
In related news, insider Philippe Boisseau acquired 1,163 shares of the stock in a transaction dated Tuesday, June 25th. The stock was purchased at an average cost of GBX 139 ($1.80) per share, with a total value of £1,616.57 ($2,090.75). In related news, insider Philippe Boisseau acquired 1,163 shares of the stock in a transaction dated Tuesday, June 25th. The stock was purchased at an average cost of GBX 139 ($1.80) per share, with a total value of £1,616.57 ($2,090.75). Also, insider Chris OShea acquired 2,785,622 shares of the stock in a transaction dated Friday, May 17th. The stock was bought at an average cost of GBX 144 ($1.86) per share, with a total value of £4,011,295.68 ($5,187,914.74). Insiders purchased a total of 2,818,817 shares of company stock valued at $404,532,432 over the last ninety days. 0.17% of the stock is currently owned by insiders.
About Centrica
(
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Centrica plc operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally. The company operates through British Gas Services & Solutions, British Gas Energy, Centrica Business Solutions, Bord Gáis Energy, Centrica Energy, and Upstream segments.
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